Multibagger Civil Construction Company Bags New Order Worth Rs 5,00,00,000 From Government of Tamil Nadu
The stock is up by 26 per cent from its 52-week low of Rs 162.05 per share and gave multibagger returns of over 600 per cent over the last 5 years with a PE of 26x and an ROE of 13 per cent.
Rudrabhishek Enterprises Limited (REPL), in collaboration with Capital Engineering Consultancy Private Limited, has successfully secured a new contract valued at Rs 5 crore (including GST). This contract is for providing GIS-based master planning services for Tamil Nadu under the AMRUT 2.0 scheme, specifically for the package 1 region. The project is being awarded by the Directorate of Town and Country Planning, Chennai, under the Government of Tamil Nadu. The consultancy services will focus on developing GIS-based master plans for the specified areas, including Theni, Allinagaram, Valparai, Udhagamandalam, Cumbum, Bodi Nayakanpur, and Mettupalayam. The project is domestic in nature, and the entire scope of work is expected to be completed by September 30, 2026.
Earlier, Rudrabhishek Geo Engineering Private Limited (RGEPL), a subsidiary of Rudrabhishek Enterprises Limited (REPL), secured a substantial new order valued at 10 crore (excluding GST) from Adani Green Energy Six Limited. This contract involves executing civil works, structural erection and fencing for a renewable power project. The project entails constructing piling, IDT structures, erecting MMS and modules, and applying coal tar epoxy coating for the renewable power project Phase II (Block No A 13, 125MWac, 10 Blocks) at the Khavda Hybrid Renewable Power Project in Kachchh, Gujarat. The entire scope of the work is slated to be completed by December 31, 2024.
On Friday, shares of Rudrabhishek Enterprises Ltd plunged 2.77 per cent to Rs 204.10 per share from its previous closing of Rs 209.82 with an intraday high of Rs 212.81 and an intraday low of Rs 203.55. The stock has a 52-week high of Rs 238.95 and a 52-week low of Rs 162.05
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About the Company
Rudrabhishek Enterprises Ltd (REPL), founded in 1992, is a leading Integrated Real Estate & Infrastructure Consultancy. They offer a wide range of services including urban development, infrastructure planning, construction management and project execution for both private and government agencies. REPL can handle all stages of a project, from viability analysis to turnkey completion and specializes in transforming greenfield or brownfield sites into modern developments like smart cities, IT parks and sustainable townships.
REPL has a market cap of Rs 350 crore with promoters holding a 68.64 per cent stake and the remaining 31.64 per cent stake is owned by the general public. The stock is up by 26 per cent from its 52-week low of Rs 162.05 per share and gave multibagger returns of over 600 per cent over the last 5 years with a PE of 26x and an ROE of 13 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.